FIRST:
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Repeal of Killed-in-Service Benefit. Section 4.2(a) and (b)
are amended to remove the killed-in-service benefit. As amended, Section
4.2(a) and (b) shall read as follows:
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(a)
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Killed-in-Service Benefit. Effective with respect to deaths
occurring on or after October 9, 2009, the killed-in-service death
benefit shall no longer be payable under this plan or by the employer.
A deceased participant's surviving spouse or eligible child who
is eligible to receive such benefit due to the qualifying death of
the participant on or after April 17, 2002, and prior to October 9,
2009, shall continue to receive the benefit as formerly awarded.
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(b)
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Survivor Benefit. If a retired or disabled participant who is
receiving a pension benefit dies or if a participant dies after satisfying
the requirements for retirement whether or not he had previously terminated
employment, the participant's surviving spouse or eligible child
(if any and as further described in Section 4.1(c)) shall receive
a benefit equal to 50% of the retirement benefit that the participant
was receiving or would have been receiving if the participant had
been retired on the date of death.
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SECOND:
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Effective Date. This amendment is made effective as of October
9, 2009.
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THIRD:
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Remaining Plan Provisions. All other provisions of the Plan
remain in full force and effect.
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FIRST:
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USERRA Break in Service. Section 1.10 is amended to comply with
the Heroes Earning Assistance and Relief Tax Act of 2008 (HEART) with
respect to deaths occurring on or after January 1, 2007. As amended,
Section 1.10(e) shall contain a final paragraph that shall read as
follows:
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Effective with respect to deaths occurring on or after January
1, 2007, in the case of a participant who dies while performing qualified
military service, the beneficiary(ies) of the participant shall be
entitled to any benefits payable under Sections 4.1 and 4.2(b) and
(c) that would have been payable had the participant resumed and then
terminated employment on account of death. Years of vesting service
shall be credited under this provision for purposes of determining
the amount of any death benefit payable.
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SECOND:
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IRC Section 402(f) Notice Period. Effective for notices issued
on or after January 1, 2007, Section 6.2(d)(2) is amended to comply
with the Pension Protection Act of 2006 by reflecting that a participant's
written notice of his eligible rollover distribution rights as required
under IRC Section 402(f) may be given as much as 180 days before the
annuity starting date. As amended, the first paragraph of Section
6.2(d)(2) shall read as follows:
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Effective for distributions made on or after January 1, 1993,
for any distribution in excess of $200 that may be paid in the form
of a lump sum, the plan administrator shall give the participant written
notice of his eligible rollover distribution rights as required under
IRC Section 402(f) no less than 30 days and no more than 180 days
(90 days for notices issued before January 1, 2007) before the annuity
starting date with respect to the distribution. Effective for distributions
made on or after January 1, 1994, such distribution may commence less
than 30 days after the notice is given, provided that:
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* * *
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THIRD:
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Definitions (IRC Section 415 Limitations) — Compensation.
Effective for limitation years beginning on or after July 1, 2007,
Section 7.1(e)(3) is amended to comply with the final regulations
issued under IRC Section 415 with respect to the treatment of severance
compensation following a termination of employment. Effective for
limitation years beginning on or after January 1, 2009, Section 7.1(e)(3)
is amended to comply with IRC Section 414(u)(12) as added by the Heroes
Earnings Assistance and Relief Tax Act of 2008 (HEART) regarding differential
wage payments. As amended, Section 7.1(e)(3) shall contain the following
additional paragraphs that shall read as follows:
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In order to be taken into account for a limitation year, compensation
must be paid or treated as paid prior to severance from employment
with the employer. Effective for limitation years beginning on or
after July 1, 2007, an includable payment shall be treated as paid
prior to severance from employment if it is paid by the later of 2 1/2
months after severance or the last day of the calendar year that includes
the severance date. For this purpose, includable payments are those
that absent the severance would have been paid and are regular compensation
for services during regular working hours or outside working hours
(such as overtime or shift differentials), commissions, bonuses, or
other similar compensation. Includable payments shall also include
accrued sick, vacation, or other leave if such payments would have
been included in compensation as defined in Section 1.3 if they were
paid prior to the employee's severance from employment.
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For limitation years beginning after December 31, 2008, compensation
for a limitation year shall include amounts paid as differential wages
to a participant on qualified military service leave of more than
30 days and otherwise meeting the requirements of IRC Section 3401(h)(2).
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FOURTH:
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Effective Date of Amendment. These amendments are effective
as provided herein.
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FIFTH:
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All other provisions of the Plan remain in full force and effect.
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FIRST:
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Spouse. In response to the overturning of the Defense of Marriage
Act, 110 Stat. 2419, section 3 by the Supreme Court in United States
v. Windsor and in response to the subsequent ruling in Deb Whitewood,
et al v, Michael Wolf that 23 Pa.C.S. sections 1102 and 1704 are unconstitutional,
Section 1.8(c) is amended to redefine the definition of "spouse" for
purposes of the Plan. As amended, Section 1.8(c) shall read as follows:
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(c)
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Spouse means the person married to the participant at the time
of the determination as evidenced by a marriage license valid under
the laws of the place of issuance.
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SECOND:
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Effective Date. This amendment is effective as of May 20, 2014.
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THIRD:
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Remaining Plan Provisions. All other provisions of the Plan
remain in full force and effect.
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